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Why Nonprofit Board Members Should Fundraise?
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Many nonprofits do not have enough unrestricted cash to cover fixed costs not covered by grants. Nonprofits end up making unwise financial decisions because cash is not coming in regularly.
Nonprofit board members do not like to hear the "F" word - Fundraising! Fundraising helps fill in the cash gap. Having regular cash coming in allows the organization to build a reserve to handle any unexpected expenses.
Fundraising is not just the CEO's or other staff members' responsibility. Fundraising is a team effort. Each board member should have a goal to bring financial resources to the nonprofit.
How can fundraising help the cash gap?
It brings in recurring revenue
It can help cover costs not included in grants
Helps build an emergency fund
The lack of fundraising will catch up with the organization sooner or later.
If you are a nonprofit board member take small steps to raise the organization's profile such as sharing and commenting on the nonprofit's social media posts to possibly bring in new donors.
If you are a nonprofit board member looking to better understand nonprofit finances, check out our latest webinar.
Make sure to LIKE, SHARE, or COMMENT!
Keeping Accounting Simple
Follow us on social media platforms: @insightfinancialgrp
#financialliteracy #bookkeeping #smallbusiness #accounting #accountingcoach #quickbooks #cannabisaccounting #cannabis
Nonprofit board members do not like to hear the "F" word - Fundraising! Fundraising helps fill in the cash gap. Having regular cash coming in allows the organization to build a reserve to handle any unexpected expenses.
Fundraising is not just the CEO's or other staff members' responsibility. Fundraising is a team effort. Each board member should have a goal to bring financial resources to the nonprofit.
How can fundraising help the cash gap?
It brings in recurring revenue
It can help cover costs not included in grants
Helps build an emergency fund
The lack of fundraising will catch up with the organization sooner or later.
If you are a nonprofit board member take small steps to raise the organization's profile such as sharing and commenting on the nonprofit's social media posts to possibly bring in new donors.
If you are a nonprofit board member looking to better understand nonprofit finances, check out our latest webinar.
Make sure to LIKE, SHARE, or COMMENT!
Keeping Accounting Simple
Follow us on social media platforms: @insightfinancialgrp
#financialliteracy #bookkeeping #smallbusiness #accounting #accountingcoach #quickbooks #cannabisaccounting #cannabis